Multifamily
Royal Terrace
306 Martha St, Euless, TX 76040
Listing Price: $9,495,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Royal Terrace, a 120-unit apartment community located in Euless, Texas. Built in 1964, the property offers investors a compelling combination of yield and upside, featuring a ~6.5% tax-adjusted cap rate, 10% pro forma cash-on-cash return, and 24% leveraged IRR. New ownership can complete the RUBS conversion to further reduce expenses while benefiting from over $1.5 million in recent capital improvements. Situated in the heart of the Mid-Cities, Royal Terrace enjoys exceptional connectivity to DFW Airport, major employers, and regional retail destinations, supporting long-term demand and sustained rent growth.
Listing Price: $9,495,000
Investment Highlights
- 6.5% cap rate and 10% cash-on-cash return offer strong investor yield
- Complete RUBS conversion to lower expenses and grow NOI
- $1.5M in upgrades minimize capital exposure and enhance tenant retention
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Royal Terrace, a 120-unit apartment community located in Euless, Texas. Built in 1964, the property offers investors a compelling combination of yield and upside, featuring a ~6.5% tax-adjusted cap rate, 10% pro forma cash-on-cash return, and 24% leveraged IRR. New ownership can complete the RUBS conversion to further reduce expenses while benefiting from over $1.5 million in recent capital improvements. Situated in the heart of the Mid-Cities, Royal Terrace enjoys exceptional connectivity to DFW Airport, major employers, and regional retail destinations, supporting long-term demand and sustained rent growth.
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